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The February haul — the combined total raised by Biden’s campaign, the Democratic National Committee, and authorized joint fundraising committees — is an increase from the $42 million that Biden raised in January. The campaign’s consistently strong fundraising has enabled Biden to amass $155 million in cash on hand, the largest amount any Democratic presidential candidate has ever raised at this point in the election cycle, his campaign said Sunday.
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The campaign is not relying on big checks alone, suggesting that grassroots enthusiasm for the president still runs deep. In February, Biden received 562,000 contributions from 469,000 unique donors, according to the campaign. And since he began running for reelection, 97% of all individual donations were under $200.
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As a result of his preoccupation with the primary, mounting legal costs and overall management failures, Trump is seriously behind Biden in fundraising. In January, he raised $8.9 million and spent more than $11 million, ending the month with just over $30 million in cash on hand.
The RNC has also struggled to raise money, bringing in less in 2023 than in any year since 2015. Trump retook control of the RNC earlier this month, appointing ally Michael Whatley as chair and daughter-in-law Lara Trump as co-chair.